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Longmang Baili's revenue in 2018 was 10.441 billion yuan, striving to achieve the strategic goal of titanium industry integration

longmang Baili's revenue in 2018 was 10.441 billion yuan, striving to achieve the strategic goal of titanium industry integration

April 24, 2019

on the evening of April 22, 2018, longmang Baili released its 2018 annual report. The report shows that in 2018, longmang Baili achieved an operating revenue of 10.441 billion yuan, an increase of 1.78% over the previous year; The net profit attributable to shareholders of listed companies was 2.286 billion yuan, a decrease of 8.66% over the previous year. The world titanium dioxide industry has a development history of nearly 100 years. It is a coating that has developed and expanded on the competitive road of merger, reorganization and technological progress. Long mang Baili said that China's titanium dioxide industry has a history of more than 60 years since it began to produce titanium dioxide for enamel and welding electrodes in 1956. In the mid-1980s, using the development achievements of titanium dioxide by sulfuric acid method obtained in the scientific and technological breakthrough of "comprehensive utilization of Panzhihua vanadium titanomagnetite (629, -4.00, -0.63%) resources", the production equipment and technical level were improved, and the product varieties changed to the production of pigment grade titanium dioxide for coatings. In the 1980s and 1990s, titanium dioxide plants were built all over the country, but their development was relatively slow due to small production scale, backward technology, poor product quality and other reasons. After 2000, China's titanium dioxide industry has developed rapidly and entered the international titanium dioxide market competition. Since 2009, with the rapid growth of the national economy, the market demand for titanium dioxide has advanced by leaps and bounds, the market price has risen rapidly, attracting the continuous influx of social capital, and the manufacturers in the industry have also expanded their production, resulting in the domestic titanium dioxide production capacity has increased significantly year by year since 2011. In the same period, due to the slowdown of China's GDP growth, the country has adjusted the economic structure, especially real estate The demand growth rate of downstream industries such as coatings has gradually declined, resulting in the increasing overcapacity of ordinary anatase and rutile products in the industry, and the continuous decline of market prices

according to the announcement, in 2016, driven by a series of policies and measures such as the national supply side structural reform, "three deletions, one reduction and one subsidy", stable growth, quality and efficiency improvement, innovation driven, transformation and development, China's titanium industry began to gradually come out of the trough, hit the bottom and rebound, showing some development characteristics different from the past. Especially when the equipment was initially put into operation, the whole industry was developing in many positive aspects. In 2016 and 2017, the development and utilization level of our non-metallic materials in titanium dioxide was generally lower than the business cycle, the product price showed an upward trend, the supply was tight, the inventory fell sharply, and the annual export volume maintained a high double-digit growth rate. At present, China's titanium dioxide industry has entered the new normal of development, while carbon fiber is as high as $20 (3) 0. The exhibition also includes enterprise standards, industry standards and other new normals. It is in the process of transformation and upgrading from sulfuric acid titanium dioxide to chlorination titanium dioxide industry. The product quality has been steadily improved, the technical process has made breakthroughs, and the gap with China's titanium dioxide giants has gradually narrowed; The advantages of circular economy are prominent, and many excellent titanium dioxide enterprises have built a unique circular economy industrial chain according to local conditions. On the whole, the "quantity" of industrial development has been effectively controlled, and the "quality" is constantly improving. It is gradually moving forward from a large titanium dioxide country to a powerful titanium dioxide country

longmang Baili said that during the reporting period, relying on the deep integration of development achievements, the company fully exploited its own technological advantages, international market advantages, quality and brand advantages, circular economy advantages, large-scale advantages, whole industry chain advantages and informatization advantages, and continuously strengthened its core competitiveness. At the same time, the company is committed to the transformation and upgrading of the industrial chain and strives to achieve the strategic goal of titanium industry integration. Through the construction of a series of key projects such as the annual output of 200000 tons of chlorination process, the comprehensive utilization of Panxi vanadium titanomagnetite resources, and high-end titanium alloys, the company will build a low-cost, full process chlorination titanium dioxide whole industrial chain, and promote the transformation and upgrading of the company's titanium concentrate, titanium chloride slag, chlorination titanium dioxide powder, sponge titanium, and titanium alloy whole industrial chain, Seize development opportunities

in addition, longmang Baili's common stock profit distribution plan approved by the board of directors is: it plans to distribute RMB cash dividends of 1 yuan (including tax) for every 10 shares to all shareholders